PRZOOM - /newswire/ - Sacramento, CA, United States, 2005/09/22 - FundingNorCal.com provides more than $10 million in angel capital for entrepreneurs, also provides collaboration tools for angel groups - FundingUniverse.com.

Fund-seeking entrepreneurs in Silicon Valley have a new alternative to venture capital firms. FundingNorCal.com makes over $10 million dollars available to entrepreneurs in the start-up capital of the world.

“More and more start-ups are learning that venture capital money isn’t the best route for every company,” said FundingNorCal.com founder Paul Allen. “FundingNorCal.com is a simple way for entrepreneurs to get their business plans in front of angel investors in their area at no cost.”

The concept behind FundingNorCal.com is simple:

1) Entrepreneurs post business plans on the site.
2) Angel investors review the posted plans and contact entrepreneurs with promising proposals. Posting and reviewing plans on the site is free.

The site also provides an innovative tool for angel groups called the Dealflow Suite. The Suite allows investors to look through business plans posted on FundingNorCal.com and add their comments for other investors in their group to see. In addition, DealFlow Suite allows entrepreneurs to submit business plans to specific angel groups privately through FundingNorCal.com where registered angel groups can rate plans and choose plans to fund.

FundingNorCal.com is part of the FundingUniverse.com family of 51 state-specific sites designed to match investors with entrepreneurs. Allen and former Novell VP David Bradford founded the company earlier this year as a means to match entrepreneurs with investors in their home state of Utah. The Utah site, FundingUtah.com, quickly gained traction, leading the founders to expand their services to all 50 states.

Agency / Source: FundingUniverse

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